SNAP - all depends on growth...While I view this stock as risky into earnings (price gaps on the daily down to the $6.00 range...), SnapChat is still a highly relevant application among youth and is targeting older groups. The valuable data this company has must be staggering.
SNAP went from revenues of $1.7 billion in fiscal year 2019 to $5.1 through Q3 of 2024. While it is currently operating at a loss per share of -$0.58, the company is expected to return a positive EPS by 2027. Insider selling is currently high, however, and I truly would not be surprised if the stock dipped to fill the gaps (at least into the $8 zone). Regardless, my historical simple moving average lines are starting to flatten out and a change in course for 2025-2026 may be in its future - just stay cautious if the price dips to shake out weak hands. At $11.55,
SNAP is in a personal buy zone with room for additional entries if weakness is ahead after earnings. Targets:
- $14.30
- $17.00
- $21.00
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.